Livestock
Chicago | Reuters – Chicago Mercantile Exchange (CME) livestock futures ended the day mixed, with a lack of buying interest and light cash trade prompting dealers on Wednesday to sell their nearby live cattle contracts and buy the deferred months, traders said. Meanwhile, hog traders also took a cue from the cash market, as signs of an […] Read more
U.S. livestock: Futures mixed as rally on hog futures slows
Livestock sector suspicious of China ban but hopeful
Politics, not fraud, may be behind latest Chinese ban of our exports but officials hopeful it can be resolved
Reading Time: 4 minutes Some sort of fraud or more payback from China? That’s the question facing Canadian pork and beef producers after Beijing banned their products last month. As was the case with canola seed, the official Chinese explanation is that it halted imports because of contamination issues — “pests” in canola and the growth promotant ractopamine in […] Read more
U.S. livestock: Futures rally on choppy grains, hopes for Chinese buying spree
Chicago | Reuters – Chicago Mercantile Exchange (CME) live hog futures rallied on Tuesday, as competition among packers for spot delivery grew and animal weights slipped after the recent U.S. heat wave, traders said. Live cattle futures also inched up, supported in part by choppy trading in U.S. grain futures and growing questions of whether […] Read more
China June pork imports surge more than 62 per cent from previous year
Beijing | Reuters – China’s pork imports in June surged from the previous year, customs data showed on Tuesday, as the world’s top consumer of the meat stocked up on supplies after African swine fever has decimated domestic pig herds. China brought in 160,467 tonnes of pork in June, up 62.8 per cent from the […] Read more
Klassen: Yearling prices surge
Compared to last week, Western Canadian yearling prices were $3 to as much as $10 higher while calves traded $2 to $5 above week-ago levels. Most auction barns remain in holiday mode; however, order buyers were extremely busy fielding calls for available cattle. This caused the yearling market in Western Canada to divorce from the […] Read more
U.S. livestock: Cattle futures rally on corn futures slump
Chicago | Reuters – Chicago Mercantile Exchange (CME) feeder cattle futures inched upward on Monday, as corn futures fell sharply and traders hoped that feed costs will continue to remain under pressure. Meanwhile, lean hog futures faced choppy trading on Monday as the market wrestles with continued expectations for – but no clear signs yet […] Read more
Livestock producers receive tax relief for 2019
Drought in Western Canada and Quebec has prompted the federal government to release an initial list of regions eligible for livestock tax deferrals. The livestock tax deferral provision allows livestock producers in prescribed drought, flood or excess moisture regions to defer a portion of their 2019 sale proceeds of breeding livestock until 2020 to help […] Read more
Supply-managed sector compensation details due before election
Federal Agriculture Minister Marie-Claude Bibeau has pledged to lay out details on trade pact compensation for supply-managed sectors before the federal election in October. The pledge comes as the federal Liberals face pressure from supply-managed sectors and the federal opposition Conservatives to deliver on compensation for access granted to the Canadian market under Canada’s free […] Read more
U.S. livestock: Hogs top five-week high on China demand expectations
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures reached their highest prices in more than five weeks on Friday on expectations for increased pork demand from China, the world’s top importer. Live cattle futures ended higher after dropping to their lowest prices in more than a week. Hog traders expect China, the […] Read more
China can’t ban hope — pork sector is eyeing a great year
The supply-and-demand calculus is clear: Demand is high, supply is low, and those selling pork will find buyers
Reading Time: 3 minutes International pork markets are in disarray, but the prospects are good for pork producers here — even after Beijing’s new ban on Canadian pork exports. China had been a hot market for Canadian pork this year, with its purchases jumping by more than half in the first four months and moving the nation ahead of […] Read more